Domino's Pizza Faces Revenue Shortfall Despite Profit Gains

Domino's revises its sales growth forecast amid economic challenges and competitive pressures in the fast-food industry.

Domino's reported third-quarter earnings with a 5.1% revenue increase, falling short of forecasts despite a profit beat.
The company cut its 2024 global sales growth forecast to 6%, down from at least 7%, citing a challenging macroeconomic environment.
U.S. same-store sales rose 3%, below the expected 3.6%, as consumer spending shifts and competition from burger chains intensify.
Domino's expanded its global presence to 21,002 locations, with significant growth in its international division.
Foot traffic at Domino's grew by 8.3% in the third quarter, a slowdown from the previous quarter's growth rate.